US2020342447A1PendingUtilityA1

Method and system to generate revenue utilizing a software application and the transmittal of hashing algorithm data

Assignee: WAUGH JR CHARLES JERRYPriority: Apr 28, 2019Filed: Jan 12, 2020Published: Oct 29, 2020
Est. expiryApr 28, 2039(~12.8 yrs left)· nominal 20-yr term from priority
G06Q 20/381G06Q 20/36G06Q 20/3678G06Q 2220/00G06Q 20/065G06Q 20/3672G06Q 40/04G06Q 50/06G06Q 30/0279G06Q 40/02G06F 8/65
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Claims

Abstract

The present method and system, describes a practice for configuring a computer to run end user software applications, utilizing a portion of the end users computing power, to solve hashing algorithms for mining crypto currencies, and depositing them into a crypto currency account. The crypto currency account will be held by a company, person or group of people, hereinafter referred to as the “Entity.” The Entity will design the end user software application, to allow the end user to configure the amount of processing power allocated for mining the crypto currency. The more power the end user allows for mining the crypto currency, the more redeemable “tokens” the end user will generate for exchanging, or, purchasing additions for their software application, provided by the Entity.

Claims

exact text as granted — not AI-modified
What is claimed is: 
     
         1 . A computer system operated by an end user having installed a desirable software application developed and configured by the Entity, that generates crypto currency for the Entity, said system comprising:
 Central Processing Unit (CPU); Graphics Processing Unit (GPU); memory; operating system; network adapter; internet connectivity; server client relationship; a software application comprising (a) a program that servers the interest of the end user (b) an API that allows the manipulation of graphics profiles to be differentiated between the graphical display quality and the mining capacity (c) executable program code that configures the CPU and GPU and memory to discover crypto currency through a mining process (d) executable program code that configures the CPU and network adapter to send information to a specified mining pool internet protocol address, or domain (e) a program code that when executed computes redeemable tokens for the end user, based on allowed mining power (f) a program code that when executed displays the redeemable tokens to the end user (g) a program code to calculate the amount of redeemable tokens, based on the allowed mining power (h) an executable program code that generates and stores the history and transactions of the redeemable tokens.   
     
     
         2 . The system of  claim 1 , further comprising a method by which an Entity is compensated for the use of its software application by utilizing the computational power of the end users computer, said method comprising:
 An end user operated computer, on which the Entity's software application is installed, sends crypto currency or mining computational data to a mining pool at varied rates set by the end user; said computational data rate is set by the end user by adjusting the number of CPU and GPU cores available to the crypto currency miner; mining pool accumulates the amount of crypto currency generated by the end user's computer using the Entity's crypto currency miner; mining pool sends the crypto currency to an exchange or wallet; crypto currency is converted to fiat monies by moving it from the wallet to an exchange, or, directly from the exchange to a traditional bank; end user is compensated for the use of their allowed computer's computational power by accumulating redeemable tokens; redeemable tokens are awarded to the end user based on the amount of computational power allowed for mining; the tokens are used by the end user to update, upgrade, and/or enhance the software application, provided by the Entity.   
     
     
         3 . The system of  claim 2 , further utilizing the method to allow end users to mine crypto currency for the purpose of extending or funding the development of the Entity's software application, or other applications.

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